The pandemic opened our eyes to so many realities. One of the realizations is the fact that a home is a “must” as it is not only a place to live and sleep, it turns into a refuge for our family’s safety, sanity, and security. In fact, among various industries, the housing market is found to...
The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT). The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
Globe Fintech Innovations, Inc. (Mynt), subsidiary of Globe Telecom and operator of mobile wallet GCash, hauled in close to $1 billion investments to date from a private equity fund. ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management, infused new...
Arran Investment Pte. Ltd., an affiliate of Singapore’s sovereign wealth fund GIC Private Limited, has formalized its 17.5-percent equity acquisition in AC Energy Philippines Inc. (ACEN), a deal which primarily covered P20 billion private placement as part of the ownership take. GIC’s entry...
The Bangko Sentral ng Pilipinas (BSP) said the international investment position’s (IIP) net external liability is down by 64.9 percent to $4.8 billion as of end-September from end-June’s $13.6 billion. The BSP in a statement said the “steep decline” was due to the 6.3 percent increase to...
Board of Investments Managing Head Ceferino S. Rodolfo has conceded that approved investment commitments in 2020 would fall short of its goal for another P1 trillion mark for the – year. In a briefing with the BOI press, Rodolfo said that as of their latest Board meeting they are still at...
Over five thousand prototypes and quite a number of rejections by manufacturers in a span of more than a decade, one would think that inventor and engineer James Dyson should have given up and pursued a different path. No fear In an exclusive interview with James Dyson, he shared that most of...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
Trade and Industry Secretary Ramon M. Lopez has pushed for more investments and innovation in agriculture in Mindanao stressing this is the best way to ensure growth for this industry and maximize its huge potential to help in the country’s economic recovery. Trade and Industry Secretary Ramon...
Foreign direct investments (FDIs) in South East Asia in the first semester of 2020 contracted by 20 percent, but the Philippines is one of only two exceptions that bucked the investment trend with its FDI inflows rising 20 percent, the United Nations Conference on Trade and Development (UNCTAD)...
Despite the pandemic, Cargill Philippines, the local subsidiary of food and agriculture multinational firm Cargill, is bent on fulfilling its P12.5-billion investment commitment in the country, which it first announced in 2018. Moreover, the company is already seeing a recovery in the demand for...
